A friend entrusted his cards to the local boy scouts for Christmas delivery.
None were delivered. Dib dib dib!! |
I doubt this was the proximate reason Prokartace - although all positive sentiment helps. This note came out on Friday morning and the price fell throughout the day. That said I do think that Berenberg are right! |
 The reason for today's rally
Cheap Card Factory offers ‘significant upside’, says Berenberg
Shares in Card Factory (CARD) remain ‘too cheap’ and offer significant upside given the confident outlook from the greeting card and gift retailer, says Berenberg.
Analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 154p on the stock, which was trading down 1.5% at 94.3p on Friday morning.
Management has delivered ‘exactly as promised’ in the second half after a profit decline in the first half, including ‘continued robust revenue growth, and with cost/efficiency benefits materialising as planned’, the analyst said of the recent update.
‘It reaffirms our confidence that the group can deliver on its strategic, operational, and financial targets as it progresses towards its full-year 2027 ambitions,’ said Tomlinson.
The shares, however, remain ‘too cheap’ on a price/earnings multiple of 6.4 times and a dividend yield of 5.2% and Tomlinson said there is ‘significant upside from here’. |
About 50% of my cards are hand delivered locally. |
Absolutely.
Some people we know sent us an environmentally friendly Christmas card.
Since last Autumn they’ve been clocking up air miles visiting all those environmentally sensitive places that Attenborough goes.
They’re still away in Guatemala.
Wife has told me not to say anything. |
Electronic cards are not just chespskate, they are decidedly impersonal. |
A bit of both I guess in general and don't forget that not all cards are posted anyway. I still maintain that an emailed card comes across as a cheapskate option and doesn't come close to replacing a physical card whether in terms of feeling the love or not :) |
Off to a good start to the week, let's hope that continues this time! We should be back over a pound by now imho. |
It's being tipped in a lot of places now |
Emails don't look so great blue tacked to the wall tho.DbD |
Issued Friday I believe |
Citywire report today: |
When was that issued please |
Cheap Card Factory offers ‘significant upside’, says Berenberg
Shares in Card Factory (CARD) remain ‘too cheap’ and offer significant upside given the confident outlook from the greeting card and gift retailer, says Berenberg.
Analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 154p on the stock, which was trading down 1.5% at 94.3p on Friday morning.
Management has delivered ‘exactly as promised’ in the second half after a profit decline in the first half, including ‘continued robust revenue growth, and with cost/efficiency benefits materialising as planned’, the analyst said of the recent update.
‘It reaffirms our confidence that the group can deliver on its strategic, operational, and financial targets as it progresses towards its full-year 2027 ambitions,’ said Tomlinson.
The shares, however, remain ‘too cheap’ on a price/earnings multiple of 6.4 times and a dividend yield of 5.2% and Tomlinson said there is ‘significant upside from here’. |
Stamps are pricey I agree (so I stick to 2nd class + Card Factory cards to reduce the cost) but an emailed card reads cheapskate regardless of how good it is, and not all cards are posted. Also I guess that not being able to display it it would look as though the recipients was a bit of a loner if all their cards were emails. |
The pound stamp is a big problem when an email costs zip. |
Yes but the competition is much less and so prices could easily be increased 20 to 30%.
The cards are much to cheap and when it costs a pound plus for a stamp a 1.50 card seems reasonable.
Plus technology |
amt - I was thinking a lot about it. It is not possible imho. The cost of energy, capital (refletcted mainly through rent), and the burdens of increased regulatory demand - like min wage on so on - all the labor regulations, fire preventinon and on and on... (true I am not familiar with the UK but assume it is similar), possible tarrifs in trade with china regarding raw materials. but margins will improve a lot - that is what I agree with
all imho |
Over the next few years they should be able to get net margins back to where they were ten years ago and double profits to about £125m per annum. |
Yump
Doesn’t it speak for itself? One where turnover, profits, penetration, range and reach are all increasing. |
thx
No point in having those posts around. |
What do you mean by a growth company ? |
A few shares falling today with markets roaring |
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